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Avangate Acquires 2Checkout to Expand Payment Flexibility and Broaden Market Reach
Combined company will bring a unique combination of eCommerce and subscription management solutions to market through various payment models across the globe.
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New CFO @ Avangate
Jim Emerich Joins Avangate Management Team as CFO
Veteran Financial Leader to Guide Avangate through Growth and Expansion
Redwood Shores, CA – October 18, 2011 – Avangate, the agile eCommerce solutions provider trusted by Software and SaaS companies to grow their business worldwide through any channel and any model, today announced the addition of Jim Emerich as Chief Financial Officer. Emerich brings over 20 years of financial leadership experience from software companies such as Salesforce.com, where he held various positions including Chief Accounting Officer, and Appirio Inc, where he was Chief Financial Officer.
This announcement signifies Avangate’s ongoing strengthening of its North American presence, following the recent appointment of Joseph G. Brown as Senior Vice President of Worldwide Sales and Michael Ni as Chief Marketing Officer/Senior Vice President of Marketing and Products. As Avangate’s Chief Financial Officer, Emerich will be responsible for overseeing all financial and general administrative departments.
“This proves to be a very exciting year for Avangate. In March we secured a $5.5 million investment from the 3TS Cisco Growth Fund to accelerate our expansion. As we continue to grow the business, Jim’s deep financial experience in the software and SaaS industries will serve Avangate well,” said Carl Theobald, Avangate CEO. "Jim will be an invaluable business partner and contributor to our team during this period of expansion and rapid market changes.”
Jim Emerich joins Avangate from a CFO position at Appirio Inc., a cloud computing professional services firm focused on accelerating the adoption of SaaS-based solutions, such as Salesforce.com, Google and Workday. Prior to Appirio, he was CFO at MuleSoft, a provider of open source service-oriented (SOA) infrastructure software. Emerich has also held multiple executive finance positions, including over six years at Salesforce.com, including being Chief Accounting Officer, Interim Chief Financial Officer, VP Treasury & Tax and SVP Internal Audit. He has been highly valued for his experience in leadership roles in finance and accounting for various high tech and manufacturing companies.
For more information on the Avangate management team, please visit: www.avangate.com/company/team
About 2Checkout (formerly Avangate)
2Checkout, a Francisco Partners portfolio company, is the digital commerce & payments provider that helps companies sell their products and services via multiple channels, acquire customers across multiple touch points, increase customer and revenue retention, leverage smarter payment options and subscription billing models, and maximize sales conversion rates. The company’s clients include ABBYY, Absolute, Bitdefender, FICO, HP Software, Kaspersky Lab, and many more companies across the globe.
Avangate acquired 2Checkout in March 2017. More information about 2Checkout’s Avangate platform and related services can be found on www.avangate.com.
More information on 2Checkout can be found on www.2checkout.com
Media Contact
For media & PR inquiries related to Avangate, please contact:
Delia Ene, Avangate
Phone: +31 20 890 8080
Email:
press@avangate.com
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